Ethiopian Business Review

Situated 1043km away from the capital in the state of Tigray, Aksum is home to some of the most valuable heritages of Ethiopia. The Obelisks, tombs and churches found in the town as well as the welcoming people are its major characteristics. Even though the remnants of the Kingdom of Aksum portrays the long history the town has, its historical significance is not well-promoted to the world. Now, with the deteriorating condition of the obelisks and other heritages of the town, Aksum is at a risk of losing its status given by UNESCO. EBR’s Samson Berhane, who visited the town last month, writes.

Monday, 16 September 2019 03:00
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Ethiopia is one of the few countries in Africa that has not made significant changes in its basic land policy since the radical land reform of 1975. Exceptions to this have been occasional land redistributions to accommodate the growing population. This is not because the current policy serves the interest of agricultural development better than its alternatives. Various studies suggest that the insecurity of land tenure hampers rights on land, discourages farmers to productively invest in land, and restricts transferability of land, posing significant constraints to agricultural growth and natural resource management. The government, which remains in its firm position that there are no private property rights on land, seems to ignore such findings. EBR’s Ashenafi Endale investigates.

Monday, 16 September 2019 00:00
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Buying houses from real estate developers incur 15Pct Value Added Tax and six percent title deed transfer fee of an actual price tag. Additionally, real estate developers take more time to deliver housing units which further escalate cost of construction that ultimately push price tag further.
This makes houses built by real estate companies more expensive for the vast majority of Addis Ababans. As a result, house buyers have been looking for affordable options
Villas developed by unlicensed individuals have become one of the options. The unlicensed individual developers have lesser tax obligations and deliver houses for less at a shorter span of time. As a result, they are becoming more active in the housing market.
As their number increases, there is a fear that the market would become informal and out of the watchful eyes of the government. EBR’s Ashenafi Endale Explores.

Monday, 16 September 2019 00:00
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